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Sensex down over 100 pts on weak global cues

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November 09, 2018 10:00


Benchmark stock indices opened on a negative note Friday following weak global cues after the US Federal Reserve left key interest rates on hold last night, but hinted a rate hike next month. The BSE Sensex was trading 114.08 points, or 0.32 per cent, lower at 35,123.60. It had dropped 226.45 points in opening trade.


The 30-share index had surged 246 points in the special Muhurat session Wednesday to mark the beginning of Hindu Samvat year 2075.


The NSE Nifty saw similar movement, and was trading 31.05 points, or 0.29 per cent, lower at 10,567.35. The stock market was closed Thursday on account of Diwali Balipratipada.


Top losers in the morning session include Bharti Airtel, Wipro, Infosys, Tata Steel, ITC, ONGC, HDFC, NTPC and SBI, falling up to 1.65. per cent. Bucking the weak market trend, Yes Bank, Adani Ports, IndusInd Bank, PowerGrid, Asian Paints, Sun Pharma and Hero MotoCorp rose up to 2.36 per cent.


Shares of aviation companies gained due to softening of crude oil prices. InterGlobe Aviation, SpiceJet and Jet Airways were trading up to 2 per cent higher.

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